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Low interest rates – consult a mortgage broker before buying

With interest rates continuing to be on the low, more and more Kiwis are looking into buying a house or a property. Before deciding on a mortgage, it can be advisable to consult a mortgage broker first.

Low interest rates, watch for hidden costs

 

Interest rates looking as appealing as ever. A mortgage is a long-term financial commitment, so it is important that you understand the structure of your loan, the costs, terms and conditions. It can be helpful to talk things through with a professional financial adviser before choosing a lender.

 

To be more precise, the lowest interest rate may not necessarily be the best option, depending your personal financial situation. You need to take into account how much you want (and can) borrow, and for how long you want to lock yourself in.

 

When it comes to low interest rates, every lender has different lending criteria.   Mortgage brokers can help you determine your financial position and explain to you the current interest rates, and point out to you costs that may be involved with the specific loan you wish to choose.

 

For more information on interest rates and current specials, contact the team at Mortgage Care in Auckland. Our mortgage brokers will be happy to talk you through everything you need to know to be confident with your decision.

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